Chandigarh, Oct 5 (PTI) Punjab Chief Minister Charanjit Singh Channi on Tuesday directed the finance department to pay revised pension with effect from July 1 to over three lakh pensioners, involving an additional expenditure of Rs 1,887 crore during the current financial year.

The decision has been taken in line with the recommendations of the Punjab's Sixth Pay Commission, according to an official statement.

Also Read | RPSC Admit Card 2021 for Head Master Comp Exam Released, Candidates Can Download Their Admit Cards Online at rpsc.rajasthan.gov.in.

Channi also gave nod to pay other benefits, including leave encashment and gratuity, which is around Rs 915 crore. That would be paid to about 42,600 pensioners who have retired between January 1, 2016, and June 30, 2021, in one go instead of the earlier decision to pay in instalments.

These decisions will have an impact of around Rs 2,802 crore on the state exchequer during the current financial year. HRS hrs

Also Read | Jammu and Kashmir: Medical Shop Owner Makhan Lal Bindroo Killed by Unidentified Gunmen in Srinagar.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)